Nine O Six
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Recent activity by Nine O Six-
Is it possible for me to file my return even if I don't have my Form-16?
Yes, you can either provide your Salary Slip for entire Financial year, based on which our Tax Expert can prepare your Return. Otherwise, our Tax Expert can also prepare the return on the basis of ...
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As a farmer, am I required to maintain proof of earnings and expenditures relating to agricultural income?
It is advisable to maintain proof of the agricultural earnings and expenditure. These documents always help you keep track of your net income. Further, it will also be helpful to submit the respons...
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Who are not eligible to claim benefit U/s 44AD presumptive taxation scheme?
Following are the persons who are not eligible to claim benefit U/s 44AD: 1. A person carrying on profession as referred un section 44AA(1) [i.e. legal, medical, engineering or architectural profes...
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Who is liable for paying income tax?
Entities liable for paying income tax include: Individuals: Salaried and self-employed individuals.Hindu Undivided Families (HUFs).Companies: Private and public limited companies.Partnerships and ...
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What exactly is Form 16C?
Form 16C is a certificate issued by a tenant to the landlord of a property for the tax deducted at source (TDS) on rental income under Section 194IB of the Income Tax Act, 1961. This section mandat...
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When can I close Sukanya Samriddhi Account prematurely?
Only the following two situations allow for the premature closing of a Sukanya Samriddhi Account: In the event that the depositor or girl child dies.If money is needed to treat the potentially deat...
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How should I proceed after receiving a notice?
Stay calm and remember that receiving a notice is not cause for panic. Firstly, you have two options for addressing the issue. You can choose to review our notice guides for independent resolution,...
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How can I distinguish whether the income I receive regularly at specific intervals should be classified as salary income, income from other sources, or business income?
Taxation as salary income requires an employer-employee relationship.Parameters for assessment include: Control over activities: Whether the payer has complete control over your activities?Method ...
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I sold a builder my old house In exchange for a brand-new home in a different building. Will I be able to claim the exemption u/s. 54?
Yes, In section 54, the term "purchase" means the act of exchanging a specified amount of money or its equivalent in kind, making adjustments towards a pre-existing debt, or receiving an alternat...
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If I gift my house to my spouse, and we still live together, will the income from the house property be taxed in her name?
No, If you transferred the house property to your spouse without any consideration or at a consideration lower than market value, you're still considered a 'Deemed owner'. The only exception is if ...